Shared Sacrifice resolution goes down to defeat in the Senate

[Trajan]

Humm.....51-49 against.



from the link-

Actually, in looking at the IRS statistics from 2008 (the latest year available), the top 4.2% of returns came from those making $1 million or more in taxable income. They made 14% of the adjusted gross income reported to the IRS — and they paid 24.1% of all the income tax revenues the IRS received. Those who made more than $10 million accounted for 5.2% of the adjusted gross income reported to the IRS, 0.015% of the returns — and 8.1% of the total amount paid in income tax.


I will add- the top 10% pay over 70% of the taxes....the bottom 45% or so pay zero net fed. tax and in many cases receive money there after from the feds...

Class warfare at its silliest;




Calendar No. 93112th CONGRESS1st SessionS. 1323

To express the sense of the Senate on shared sacrifice in resolving the budget deficit.

IN THE SENATE OF THE UNITED STATES
June 30, 2011

Mr. REID introduced the following bill; which was read twice and ordered to be placed on the calendar

A BILL

To express the sense of the Senate on shared sacrifice in resolving the budget deficit.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SENSE OF THE SENATE ON SHARED SACRIFICE.

(a) Findings- Congress makes the following findings:

*
(1) The Wall Street Journal reports that median pay for chief financial officers of S&P 500 companies increased 19 percent to $2,900,000 last year.

*
(2) Over the past 10 years, the median family income has declined by more than $2,500.

*
(3) Twenty percent of all income earned in the United States is earned by the top 1 percent of individuals.

*
(4) Over the past quarter century, four-fifths of the income gains accrued to the top 1 percent of individuals.

(b) Sense of the Senate- It is the sense of the Senate that any agreement to reduce the budget deficit should require that those earning $1,000,000 or more per year make a more meaningful contribution to the deficit reduction effort.

Bill Text - 112th Congress (2011-2012) - THOMAS (Library of Congress)

more at

Awww: Shared Sacrifice resolution goes down to defeat in the Senate « Hot Air

Grouped By Vote Position, pretty much what expect to see....with 2 cross overs- neslon and Pryor and zero "rinos" in the yea column...


YEAs ---51


Akaka (D-HI)
Baucus (D-MT)
Begich (D-AK)
Bennet (D-CO)
Bingaman (D-NM)
Blumenthal (D-CT)
Boxer (D-CA)
Brown (D-OH)
Cantwell (D-WA)
Cardin (D-MD)
Carper (D-DE)
Casey (D-PA)
Conrad (D-ND)
Coons (D-DE)
Durbin (D-IL)
Feinstein (D-CA)
Franken (D-MN)
Gillibrand (D-NY)
Hagan (D-NC)
Harkin (D-IA)
Inouye (D-HI)
Johnson (D-SD)
Kerry (D-MA)
Klobuchar (D-MN)
Kohl (D-WI)
Landrieu (D-LA)
Lautenberg (D-NJ)
Leahy (D-VT)
Levin (D-MI)
Lieberman (ID-CT)
Manchin (D-WV)
McCaskill (D-MO)
Menendez (D-NJ)
Merkley (D-OR)
Mikulski (D-MD)
Murray (D-WA)
Nelson (D-FL)
Reed (D-RI)
Reid (D-NV)
Rockefeller (D-WV)
Sanders (I-VT)
Schumer (D-NY)
Shaheen (D-NH)
Stabenow (D-MI)
Tester (D-MT)
Udall (D-CO)
Udall (D-NM)
Warner (D-VA)
Webb (D-VA)
Whitehouse (D-RI)
Wyden (D-OR)


NAYs ---49
Alexander (R-TN)
Ayotte (R-NH)
Barrasso (R-WY)
Blunt (R-MO)
Boozman (R-AR)
Brown (R-MA)
Burr (R-NC)
Chambliss (R-GA)
Coats (R-IN)
Coburn (R-OK)
Cochran (R-MS)
Collins (R-ME)
Corker (R-TN)
Cornyn (R-TX)
Crapo (R-ID)
DeMint (R-SC)
Enzi (R-WY)
Graham (R-SC)
Grassley (R-IA)
Hatch (R-UT)
Heller (R-NV)
Hoeven (R-ND)
Hutchison (R-TX)
Inhofe (R-OK)
Isakson (R-GA)
Johanns (R-NE)
Johnson (R-WI)
Kirk (R-IL)
Kyl (R-AZ)
Lee (R-UT)
Lugar (R-IN)
McCain (R-AZ)
McConnell (R-KY)
Moran (R-KS)
Murkowski (R-AK)
Nelson (D-NE)
Paul (R-KY)
Portman (R-OH)
Pryor (D-AR)
Risch (R-ID)
Roberts (R-KS)
Rubio (R-FL)
Sessions (R-AL)
Shelby (R-AL)
Snowe (R-ME)
Thune (R-SD)
Toomey (R-PA)
Vitter (R-LA)
Wicker (R-MS

http://senate.gov/legislative/LIS/r...ote_cfm.cfm?congress=112&session=1&vote=00108

 

[Spoonman]

yea, when you put it all into perspective it really tells a different story.

 

[Trajan]

personally, I think the top 10% could pay 90% of the taxs and be taxed at 90% and we would still sooner or later hit the same point, more- its a philosophical debate now......

 

[theHawk]

"Shared sacrifice" is the biggest lie being spewed by Democrats these days.

Shared sacrifice would mean everyone pays the same tax on every dollar they make. We don't see that by a long shot, and Dems certainly aren't shooting for that goal. Instead we have selective sacrifice on the upper end of the income brackets, and the Dems want to tip the burden on them even more.

So when the Hussein says things like "shared sacrifice" it is an outright lie.

 

[Claudette]

Bingo.

Shared Sacrifice my ass.

Selective sacrifice for sure.

You'll notice that the Dems never mention that 47% who pay no Fed taxes but are able to get Fed tax money back because they have kids. EIC??

Talk about ripping off the American Taxpayer.